Beazley’s data breach expertise to back new Generali cyber product in Brazil
Specialist insurer Beazley, a pioneer in data breach response insurance, has partnered with Generali, one of the world’s leading insurers, to manage data breaches for Generali Brazil’s new cyber insurance offering for its corporate and commercial clients.
Beazley will coordinate the breach response for policyholders, including IT experts, legal services, identity monitoring, notification and call centre services, and public relations.
The partnership allows Generali, through Generali Global Corporate & Commercial Brazil, to offer the Brazilian market a comprehensive cyber liability and data breach response product.
"Cyber insurance is an area that has not been fully developed in Brazil. This offering fills a void created by new and emerging risks like cyber-risks, including ransomware. It is a market with strong interest and potential and we are confident that this new product will be a success. Our goal is to help our clients succeed in business, by adding value beyond the policy and being flexible, agile and adaptable”, said Werner Stettler, Director of Generali Global Corporate & Commercial Brazil.
Paul Bantick, technology, media and business services focus group leader at Beazley, said: “We’re excited to partner with Generali GC&C Brazil and bring our cyber and data breach response insurance to the Brazilian market. Companies in Brazil will now have access to a complete privacy breach response management and information security insurance solution. Generali GC&C Brazil clients will benefit from Beazley’s data breach response services and our extensive expertise in managing and mitigating the impacts of data breaches for clients globally.”
Beazley has helped clients handle more than 6,500 data breaches since the launch of its flagship product, Beazley Breach Response, in 2009.